Sanjivani (CA student) (9 Points)
23 August 2018Foreign company has received Royalty income from Indian Company and Indian company has deducted TDS as per DTAA agreement. According to DTAA provisions TDS should be deucted @ 10% but Indian Company has deducted TDS @ 10.3%.
Now foreign Company wants to claim refund from Indian Government. But foriegn company does not have any bank account in india. How foreign company can claim refund from Indian government ?
Reply please
CA Bhavik Soni
(867 Points)
Replied 23 August 2018
Sanjivani
(CA student)
(9 Points)
Replied 24 August 2018
Means they have to file Return of Income by appointing representative assessee ?
Since its a foreign company, it does not have any PAN.
Sanjivani
(CA student)
(9 Points)
Replied 24 August 2018
Means they have to file Return of Income by appointing representative assessee ?
Since its a foreign company, it does not have any PAN.
Sanjivani
(CA student)
(9 Points)
Replied 24 August 2018
Means they have to file Return of Income by appointing representative assessee ?
Since its a foreign company, it does not have any PAN.
CA Vineet
(ca)
(29 Points)
Replied 22 February 2023
Yes refund to foreign company is possible without having a bank account in India. Please feel free to reach out to me at kumarvineetca @ gmail.com. We have got it done for multiple foreign companies.
CAclubindia
